Looking at the trading volume and price increase charts today, I found that GUN's price movement is a perfect reflection of the current market. Market makers first pump the price to attract retail investors to trade futures, then use the futures market to profit, and finally buy back their holdings at a lower price. Therefore, it's best to observe more and act less before the settlement date. As for BCH, the price is still hovering around 540, and I also suggest waiting until after settlement before considering entering the market.
On-chain:
I recently discovered something interesting while scanning the blockchain: the gameplay of meme coins on BSC and SOL is quite different. On BSC, meme coins generally experience a steady decline after the big players unload their holdings, leaving only retail investors holding on. To recover, they need to ride the wave of trending topics, and even then, there's no guarantee they'll surpass previous highs. SOL is different; many coins that have gone to zero have been revived through speculation. Foreign investors are decisive, taking profits and cutting losses quickly. As long as the theme is well-received, there's a chance to return to previous highs or even break through them. Therefore, don't rush into a second entry; patiently wait for the right opportunity, otherwise you're likely to get trapped.
Binance Alpha seems to have changed some rules. I noticed that the points deducted for claiming tokens last night are different. Previously, it was a fixed 15 points per claim, but now the earlier you claim, the more points you deduct, starting at 30 points and gradually decreasing thereafter. Actually, this change is quite good, since the opening price is usually the highest.
However, the highs of newly listed cryptocurrencies on Alpha recently are no longer on the first day. If you can hold on to them, the returns will be even higher later.
Let's talk about the US-listed stocks that just launched on MSX. They've all performed quite well, with potential for profit from their lows. But you have to be patient and wait; you can't just jump in as soon as they go live. I glanced at my own holdings, and even Nvidia is starting to lose money.
$aster's current price is significantly lower than CZ's purchase price. It's likely most people bought it because of CZ's endorsement, but it seems that support level has collapsed. The trading competition they organized was quite controversial, but I think it was worthwhile. If they had simply spent money on advertising, it definitely wouldn't have achieved such widespread reach.
Those smaller cryptocurrencies that surged a few days ago are now starting to see profit-taking. These types of coins are particularly difficult to trade; long vulnerable to being dumped, short you prone to liquidation and incurring funding fees. This kind of market is truly difficult to navigate. I've shorted coins like Beat, Pinpin, Jellyjelly, Power, and Folks, but now that they're plummeting, I have no positions left and simply can't hold onto my trades.
Retrospective analysis:
